Survey Research & Economic Data
2020 AFP Payments Fraud and Control Survey
The 2020 AFP Payments Fraud & Control Survey findings report that 81 percent of organizations were targets of payments fraud in 2019. This is the second highest percentage of reported fraud attacks/attempts since 2009, with the most often reported source of payments fraud attacks being Business Email Compromise (BEC). To combat the rise in payments fraud, nearly 60 percent of organizations have a fraud policy in place and financial leaders at 80 percent of organizations are educating and training employees on BEC so that they can detect a fraud attack.
AFP thanks J.P. Morgan for its underwriting support of this year’s Payments Fraud and Control Survey.
AFP Payments Fraud Dashboard:
Benchmark the nature and frequency of fraudulent attacks on business-to-business payments.
Access the AFP Payments Fraud Dashboard.
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Questions about this subject?
Contact Tom Hunt, Director of Treasury Services at AFP.